MoviePass to Begin Acquiring & Distributing Films

MoviePass has announced a new subsidiary that will acquire and release films via a film distributorduring Sundance Film Festival. According to Deadline , the subsidiary will be called MoviePass Ventures, and in a statement by CEO Mitch Lowe, he says: “given the successes we have demonstrated for our distributor partners in ensuring strong box office in the theatrical window, it's only natural for us to double down and want to play alongside them - and share in the upside,” MoviePass CEO Mitch Lowe said in a statement.
This comes after MoviePass announced its flat fee of $10 USD per month...Read more ...